Although there has been some upward movement in feed grain prices, particularly in Alberta, it’s not domestic demand that’s pushing them higher, said Jim Beusekom, president of Market Place Commodities in Lethbridge on Feb. 19.
SOYBEAN futures at the Chicago Board of Trade were narrowly mixed at the Wednesday’s close, holding near three-month highs. WHEAT futures corrected higher amid ideas recent losses were overdone. CORN futures were up in sympathy with wheat, with positioning ahead of the U.S. Department of Agriculture’s Ag Outlook Forum a feature.
There’s beginning to be a shift within the Canadian Prairie feed market towards importing United States corn, said Darcy Haley, vice-president of Ag Value Brokers in Lethbridge.
Look for trading of soybeans, corn and wheat at the Chicago Board of Trade remain sideways for the balance of January, perhaps longer, said Ryan Ettner, broker with Allendale Inc. in McHenry, Ill.
Tom Lilja, an analyst from Progressive Ag in Fargo, N.D., expects corn and soybeans yields to be trimmed ahead of the U.S. Department of Agriculture’s monthly supply/demand estimates release on Jan. 12, 2026.
Although there’s a debate over the size of the South American soybean crop, there’s little doubt that it will be an enormous one, said consultant Michael Cordonnier of Soybean and Corn Advisor in Hinsdale, Ill.
Feed prices for barley and wheat have pulled back a little following an upward swing that started in November and ended in early December, said Travis Ebens of CorNine Commodities in Lacombe, Alta.
The USDA is forecasting tighter U.S. corn ending stocks for 2025/26 due to increased exports. The supply/demand balance sheets for soybeans and wheat were unchanged.
As activity at the Chicago Board of Trade shifts into holiday mode through the New Year, independent analyst Terry Reilly pointed to three things to watch over the next few weeks.
Chicago corn and wheat futures rose on Tuesday, lifted by worries about tensions in the Black Sea grain export region as well as cold weather slowing grain movement in the U.S. Midwest, analysts said. Soybeans were lower.